house insurance unoccupied 90 days

The Importance of Insuring Your Unoccupied Property

As the cost of petrol and the cost of owning a home continues to rise it becomes increasingly important that you protect yourself against the threat of unoccupied homes and empty possessions. If your property is unoccupied for 90 days or less then there are special schemes for you. There is no time limit as to how long an unoccupied house is vacant, so it is important to ensure that you plan in advance and are prepared to be away for that long period. There are certain benefits of having unoccupied house insurance. You can protect your personal belongings and make payments to the insurance company, if you need to.

The most obvious benefit is that you can not be held responsible for someone not occupying their home. With this type of insurance cover you are covered up to a specific amount for any period that the house is unoccupied. The maximum that the insurance policy will pay out is the market value of your home. It is therefore likely that if you were to payout the full value of the house you would be left with very little. One way around this is to offer to payout a percentage of the value rather than the entire sum. Insurance companies will always underwrite a percentage of the potential replacement cost of your home.

If you decide to insure your empty house out of your own pocket then you can do so online. The majority of providers offer a no claims bonus and low or no excess for unoccupied home insurance policies. These will make premiums cheaper for the individual who takes out the cover. It is worth remembering though that the insurance provider will still cover the cost of repairs if they are needed due to damage caused by the tenant during the period that the house was unoccupied.

In some cases an individual may have to take out renters’ insurance to supplement their unoccupied homes insurance policy. This could be particularly relevant for those renting privately. If you find that your belongings are being stolen on a regular basis, and particularly if they are being taken from your property unoccupied, then this could be a factor in why you need to check out the prices for renters’ insurance.

If you are concerned that your unoccupied property is at risk of being broken into then you may want to take out security alarms. These can be relatively inexpensive, as they will work in conjunction with your existing renters’ insurance. You should also consider investing in a good locksmith service that can provide you with added security for the duration that your unoccupied home insurance policy covers. Of course, this will only be worthwhile if you are able to get to your home in a time of need.

With the internet these days it is easier than ever before to shop around for the best possible deal when it comes to your renters’ and home insurance. Of course, there is no point in ignoring the advice of an insurance expert. However, it can be tempting to compare unoccupied house insurance policies online with the hope that you will get something cheaper. Just remember to protect your possessions while you still have the chance.

When it comes to choosing a policy for your vacant home insurance you will be surprised at how many options are available. In fact, there are many more things that you will need to consider than when you are looking for renters’ or homeowners’ insurance. For instance, when you are looking for a suitable policy for your unoccupied property then you will probably have to consider security features, for example, access control locks, and door alarms. In fact, this all depends on what type of properties you have.

As you can see, you should take the time to check out the policies that are available when you are looking for an affordable, appropriate and reliable house insurance solution. Although it can be tempting to compare prices and simply accept the first affordable policy, bear in mind that you will need to check out each policy very carefully before making a decision. With that said, there are many ways in which you can help yourself to save money when it comes to your empty home insurance. These include comparing prices, getting quotes from multiple companies, comparing features, and using discounts and providers that are available to you. By doing these things you will be able to find a great deal on your next vacant home insurance policy.